Hospital leaders continue to bemoan bidding and procurement of drugs and services remaining a slow and costly process, but new regulations may help ease the pain.
While the shift to the hospital channel brought fruitful results for major pharma players in Vietnam in 2023, competition is forecast to heat up in the future.
In Vietnam, the primary channels for medicine distribution are over-the-counter (OTC) and prescribed drugs. According to Vietnam Credit’s recent report on the country’s pharmaceutical industry, prescribed drugs channels constitute 70 per cent of the medicine market, and OTC channels constituting the remainder.
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